PumaPay, the innovative blockchain-based payment system, announces that its cryptobilling solution, PullPayment Protocol, has been integrated by rent24, the prominent global provider of coworking spaces. rent24 customers can now pay for their workspace invoices with PumaPay’s PMA token, through PumaPay’s mobile wallet app.
PumaPay’s PullPayment Protocol now supports rent24 with blockchain-based solutions for everyday transactions. The integration enables rent24 to create recurring billing models, through the PumaPay Business Console, and charge customers on a monthly basis, while also offering the greater security inherent in PumaPay’s blockchain-powered technology.
The PullPayment Protocol provides flexibility for cryptopayments in everyday transactions by enabling multiple payment scenarios for businesses, such as subscriptions, top-ups, and other familiar billing methodologies that are common in everyday life, but until now were not possible on the blockchain. Through PumaPay’s system, payments to rent24 will be received within minutes transparent over the blockchain. Transactions over the protocol will be free, with the exception of a small gas fee payable to the Ethereum blockchain, which powers PumaPay’s protocol.
PumaPay has developed several additional layers to its core product, including a mechanism that temporarily stabilizes the PMA token price between both parties, eliminating the user and merchant’s exposure to volatility risk. PumaPay’s protocol also allows the merchant to opt into PumaPay’s Fiat Settlement Layer, saving them the hassle of going through crypto exchanges.
“rent24 is a young, forward-thinking company that values innovation above all, just as we do at PumaPay,” says Yoav Dror, CEO of PumaPay. “There is an obvious need for a flexible, low-cost payment platform across all industries, and we are proud to offer the PumaPay PullPayment Protocol as this solution.”
“We believe PumaPay’s solution can make payment processes more efficient, and we’re happy to onboard The PullPayment Protocol to our platform,” says Damian Leich, CPO of rent24. “It’s clear there is a growing demand for cryptobilling, therefore rent24 wants to offer this additional option to its tenants as well.”
PumaPay’s advanced billing solution for businesses is comprised of flexible crypto-payment scenarios facilitated by the project’s PumaPay (PMA) token. With a free open-source blockchain-based protocol that decentralizes a whole layer of transaction processing services, PumaPay’s solution is ready for adoption by businesses that want to reach a wider customer base of crypto holders.
rent24 is a global provider of coworking spaces. The company’s combination of flexible and innovative work concepts is supplemented by different restaurant and fitness offerings. rent24 offers its members an all-round service in a special feel-good atmosphere. Founded in 2015 by Robert Bukvić in Berlin, rent24 is one of the most successful global full-service providers with currently more than 70 locations spread across three continents.